Hong Kong Stock Movement | Mainland property stocks collectively fell. Morgan Stanley indicated that the sharp rise yesterday lacked clear catalysts and expected this round of rebound to be merely temporary.

According to Zhitong Caijing APP, shares of Chinese property companies have collectively retreated. As of the time of writing, Sunac China (01918.HK) is down 4.92%, priced at HKD 0.58; Xincheng Development (01030.HK) has fallen 4.38%, priced at HKD 1.42; and R&F Properties (02777.HK) is down 1.9%, priced at HKD 0.207.